Saturday, 30 May 2026
Lifetime ISA
The LISA gives you a 25% government bonus on savings for your first home or retirement. Here's how to use it correctly.
4 articles
lifetime isa
A Lifetime ISA gives you a free 25% government bonus on top of your savings, which is an amazing deal for students saving for a first home or retirement. You can stash up to £4,000 per year and get an instant £1,000 bonus, without it affecting your student finance. Here’s what you need to know about this game-changing account.
lifetime isa
Help to Buy ISAs closed to new applicants in 2019, so new savers can only open a Lifetime ISA. If you still hold a Help to Buy ISA, the LISA usually offers a bigger bonus and a higher property cap, but each has trade-offs worth weighing.
lifetime isa
Both a Lifetime ISA and a pension boost your savings, but in different ways. A LISA adds a 25% bonus and pays out tax-free; a pension gives tax relief and, crucially, free employer contributions. For most employees, the employer match makes the pension the stronger first choice.
lifetime isa
A Lifetime ISA tops up your savings with a 25% government bonus, worth up to £1,000 a year, if you use it for a first home under £450,000 or for retirement. For young savers building a deposit, it's often the single best-value account available.